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COURSE TITLE : FINANCIAL ACCOUNTING I
COURSE CODE : ACC4113
PROGRAMME(S) : DIPLOMA IN BUSINESS ADMINISTRATION
My Kids Sdn Bhd has started its operation on 1st December 2024. Currently, it manufactures baby care products. Its offer strollers, car seats, bag and warmers, and playtime products. The company also provides feeding productes for newborns to toddlers and clothing such as infant wear and toddler fashion. In addition, My Kids Sdn Bhd offers baby care products such as bathcare, as well as towels, bathtubs, and wet wipes.
The business is located at Lot 106989, Batu 91/2, Kampung Jawa, Klang, 41000, Malaysia
Phone: 601137226985 Fax: 60351611241
The following transactions of the company took place in the month of December 2024:
| DATE | TRANSACTIONS |
| 1 | Started the business with RM50,000 in the bank, motor vehicle RM25,000 and computer worth RM5,000. |
| 2 | Bought stationeries RM800 by cash. |
| 4 | Sent invoice to Baby Boo Berhad for goods sold to them worth RM6,300. |
| 5 | Bought office equipment worth RM8,000 on credit from Lestari Berhad. |
| 7 | Received an invoice from Little Kids Enterprise for goods purchase amount RM3,000. |
| 8 | Received credit note from BabyBoo Berhad for damages goods amount RM300. |
| 10 | Issued a debit note to LittleKids Enterprise RM250 for defective goods. |
| 11 | Sold goods on credit to ManjaKu Berhad and ComelMu Berhad worth RM9,000 and RM7,500 respectively. |
| 15 | Received cheque from BabyBoo Berhad for all the amount due by him less 10% of cash discount. |
| 16 | ComelMu Berhad returned goods worth RM350. |
| 17 | Paid RM2,700 by cheque to LittleKids Enterprise being full settlement of the amount owed to them. |
| 18 | Goods returned to Manjaku Berhad due to wrong specification to the amount of RM200. |
| 20 | Credit purchases RM4,800 from MooMoo Enterprise. |
| 22 | Bought goods RM5,000 on credit from CintaKu Berhad. |
| 23 | Paid sundry expenses by cash RM200. |
| 24 | Goods RM500 and RM230 were returned to MooMoo Enterprise and CintaKu Berhad respectively due to goods damages during transportation. |
| 26 | Received commission of RM1,500 by cash. |
| 28 | The owner took goods worth RM400 for his own use. |
Inventory as at 31st December 2024 was valued at RM6,500.
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